Global USD 3.72 bn Lithium Niobate Market Assessment, Competition Scenario, Trends and Forecast 2022-2031
Lithium niobate is a chemical compound with the formula LiNbO3. It is a white solid that is insoluble in water. The compound crystallizes in the rhombohedral crystal system. Lithium niobate is piezoelectric, meaning that when a voltage is applied, it produces a mechanical strain. The material has many applications, including cell phones and lasers. Expected Growth: The global lithium niobate market is expected to reach USD 3.72 billion by 2025, according to a new report by Market.us. The market is anticipated to witness significant growth over the forecast period on account of rising demand for fiber optic communication and growing…
- Date: November 10, 2022
- Author: Thomas Bretz
- Category: Taiwan News